The First Japanese Investment Company Enters SIP
Taiyo Yuden (China) Investment Co., Ltd. and its subsidiary, Taiyo Yuden (Suzhou) Electronics Co., Ltd., held a foundation laying ceremony in SIP on June 5.
Taiyo Yuden (Suzhou) Electronics Co., Ltd. covers a land area of 5.8 hectares, and its registered capital exceeds USD 35 million. The parent company, Taiyo Yuden Co. Ltd., founded back in March 1950 with a registered capital of USD 214 million, made USD 1.7 billion sales revenue for the year 2006, which made the company a world leader in the manufacturing of capacitors, sensors, circuit modules, CD-R, DVD-R, and other optical media. The electronic components made by Taiyo Yuden are widely applied in computers, cellphones, TV sets, etc.
As the first Japanese-funded investment company, the establishment of Taiyo Yuden (China) investment Co., Ltd. is an important boost to the headquarter-based economy of SIP, as well as a cost-effective improvement to the company's management and the integrating of resources of its scattered subsidiaries. Besides, the company's renewed efforts in bringing high-level products into SIP will promote the campaign of industrial upgrading in SIP.
The siting of Taiyo Yuden (Suzhou) Electronics Co., lLtd. In SIP signifies the completion of the company's production bases and sales network in China, with focus on South China, North China, and East China.
June 6, 2007